Categories Maharashtra RERA

MahaRERA will take action against promoters advertising projects without registration number

Mumbai: Officials believe that promoters have not registered their projects, as they are advertising the projects in newspapers without mentioning the RERA registration number.

MahaRERA will take action on its own behalf against projects that are promoted without having registered with it. They have observed that project advertisements are appearing in newspapers without referencing the MahaRERA registration number. Homebuyers have been warned against purchasing property without MahaRERA registration numbers.

“Promoters of projects have been issuing advertisements of the projects in newspapers without mentioning the MahaRERA registration number, and we believe that they have not mentioned the number because the projects are not registered with it”, said officials. 

MahaRERA has taken these irregularities seriously and has sent notices to these projects.

Under Real Estate (Regulation and Development) Act, the developer or agents are not permitted  to sell, advertise or market any real estate project without getting it registered with satate RERA

However, certain developers have advertised without the registration number and, in some cases, mentioned that it’s registered without the number.

According to the Act, every project that is more than 500 square meters or more that 8 units must register with MahaRERA.

Follow and Connect with us: TwitterFacebookLinkedinInstagram

Amit Patel

Amit is a voracious writer and reader with experience in developing content for different niches. A friendly and down-to-earth person with a sense of humor, he is keen on offering factual and informative insights in his writings. He loves researching new developments in the industry and putting them in layman’s terms.

Share
Published by
Amit Patel

Recent Posts

Minimalist Interior Design Tips for a Classy Home

Minimalist interior design has become a global trend, celebrated for its simplicity, elegance, and functionality.…

2 days ago

How Technology is Revolutionizing Real Estate in India

The real estate sector in India, traditionally known for its slow-paced processes and manual operations,…

3 days ago

Fractional Ownership in Real Estate: Democratizing Property Investment

The real estate sector, traditionally a playground for high-net-worth individuals, is undergoing a transformation with…

1 week ago

The Yamuna Expressway Authority has received 1.12 lakh applications for 451 plots located near the Noida Airport.

Real estate experts highlighted that the strong response reflects the growing residential demand in the…

2 weeks ago

DLF names Badal Bagri as the company’s Chief Financial Officer.

According to the company, Bagri brings extensive expertise in corporate finance, controllership, treasury, strategic planning,…

2 weeks ago

The Impact of AI and Machine Learning on Personal Finance

Artificial Intelligence (AI) and Machine Learning (ML) are revolutionizing personal finance by transforming how individuals…

2 weeks ago

This website uses cookies.